A group of New York Mercantile Exchange (Nymex) members are planning to conduct an independent analysis of the value of their trading rights, FO Week has learned.
Some Nymex members, who were set to hold a meeting with Nymex management on June 19, are dissatisfied with the CME Group offer of $612,000 for each trading right. These members, who believe those trading rights are worth far more, could block the deal with CME Group which requires two votes – one from trading rights holders and another from shareholders....